Bargain hunt, firmer peso bumps up Philippine shares

MANILA, Philippines — Lower-priced stocks and the peso regaining strength against the US dollar perked up investors on Wednesday. This positive market sentiment enabled the Philippine Stock Exchange Index (PSEi) to close just below the 6,100 barrier.

The benchmark index added 0.29 percent, or 17.88 points, to settle at 6,094.1. During the trading session, the PSEi briefly broke through the 6,100 level, reflecting cautious optimism among investors.

https://business.inquirer.net/552731/bargain-hunt-firmer-peso-bumps-up-philippine-shares

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